Exhibit 99.1

cvalogo2a13.jpg                            
                            
                            
COVANTA HOLDING CORPORATION REPORTS 2019 FOURTH QUARTER AND FULL YEAR RESULTS AND PROVIDES 2020 GUIDANCE



MORRISTOWN, NJ, February 20, 2020 - Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the year ended December 31, 2019.

 
Year Ended December 31,
 
2019
 
2018
 
 
 
 
 
(Unaudited, $ in millions, except per share amounts)
Revenue
$1,870
 
$1,868
Net income
$10
 
$152
Adjusted EBITDA
$428
 
$457
Net cash provided by operating activities
$226
 
$238
Free Cash Flow
$140
 
$100
Reconciliations of non-GAAP measures can be found in the exhibits to this press release.

Key Highlights:
Processed 21.4 million tons of waste at EfW facilities, a new annual record for Covanta
2019 EfW tip fee prices grew 5% same store, including 11% profiled waste revenue growth
Reached construction stage on 3 development projects in the UK
Issued 5th Comprehensive Sustainability Report highlighting continued progress towards our Environmental, Social and Governance goals

“2019 finished on a positive note, as we saw continued strength in waste pricing and improved processing volume on a year-over-year basis. Our focus on a strong operating culture helped our fleet break multiple processing records,” said Stephen J. Jones, Covanta's President and CEO. "At the same time, our development efforts continue to advance as we progressed our third UK project to financial close. Looking ahead to 2020, we continue to invest in our fleet to drive growth, both domestically and overseas as we help the world meet its growing need for sustainable waste solutions."

More detail on our fourth quarter results can be found in the exhibits to this release and in our fourth quarter 2019 earnings presentation found in the Investor Relations section of the Covanta website at www.covanta.com.



The following information was filed by Covanta Holding Corp (CVA) on Thursday, February 20, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Covanta Holding Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Covanta Holding Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account